Deduction u/s 54B - investment made prior to the date of sale - ...
Assessee Qualifies for Section 54B Deduction on New Agricultural Land Bought with Sale Advances of Existing Land.
March 24, 2023
Case Laws Income Tax AT
Deduction u/s 54B - investment made prior to the date of sale - Agriculture land- the assessee should be allowed the benefit of deduction under section 54B of the Act since the purchase in the new property has been made out of advances received towards sale of agricultural properties held by the assessee. - AT
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